The Germany’s Gfk consumer confidence index fell to -36.5 points in its September projection, which represents a new historic low and a drop of 5.6 points compared to August this year, when it stood at -30.9 points. The result worsens the market consensus, which was expecting -31.8 for today. According to the Gfk statement, most […]
Tag: Economic Indicator
Germany: August IFO data down slightly but market forecasts improve
The German business climate indicator published by the IFO Institute stood at 88.5 points in Augusttwo tenths below July’s 88.7 (figure revised upwards from 88.6), but improving the market expectation, which expected a drop to 86.8. Despite improving forecasts, the August figure is the lowest seen by the indicator in 26 months, specifically since June […]
US: Durable Goods Orders Stagnate in July, 0.6% Increase Expected
Durable goods orders vary 0% in July compared to the previous month, against the consensus of 0.6%. Details of the report show positive figures and higher than expectations. The dollar falls slightly after the data. The United States Census Bureau reported that Durable goods orders were unchanged in July from the previous month, against the […]
US: S&P Global Services PMI falls sharply in August to 44.1 vs. 49.2 expected
Preliminary PMIs for August well below expectations. S&P Global Services PMI falls to 44.1 vs. 49.2 expected S&P Global Manufacturing PMI falls to 51.3 from 52.2. The US S&P Global Integrated PMI corresponding to August, according to the preliminary estimate, showed a greater than expected drop from 47.7 to 45, below the expected 47.5; level […]
UK: Manufacturing PMI falls sharply in August
The index manufacturing PMI of S&P Global for the United Kingdom has suffered a Sharp pullback in August’s preliminary reading, plummeting to 46 from 52.1 points in July. The result significantly worsens the expected 51.3 and stands as the lowest recorded in the last 27 months. The Services PMI has dropped one tenth, going from […]
Eurozone: PMI data for services and manufacturing fall in August
The index manufacturing PMI The S&P Global index for the Eurozone has fallen one tenth in the preliminary reading for August, going down to 49.7 from 49.8 points in July, although it improves on the 49 expected by the market consensus. The figure announced today is the lowest seen in 26 months, specifically since June […]
Germany: Manufacturing PMI improves expectations in August, services indicator worsens them
The index manufacturing PMI of Germany published by S&P Global rose five tenths in its preliminary reading for August, standing at 49.8 points compared to 49.3 in July, and improving the 48.3 estimated by the market. Despite the increase, this is the second consecutive month that the indicator is in contraction territory, below 50 points. […]
UK: Retail Sales Fall 3.4% YoY in July; GBP/USD under pressure
UK retail sales fell 3.4% in its annual reading for July, worsening forecasts for a 3.3% decline. In addition, the result for June was revised downwards, going from -5.8% to -6.1%. This is the fourth consecutive month of falls for the indicator. On a monthly basis, retail sales rose 0.3%up from -0.2% previously expected, showing […]
US: Existing home sales fall 5.9% in July, their biggest decline since February
The Existing home sales in the United States fell 5.9% in the month of July, accelerating the 5.5% decline seen in June (downward revised from -5.4%). This is the sixth consecutive month of decreases for the indicator, which registers its biggest drop since February. Year over year, retail sales fell 20.2% Altogether, the sales number […]
Eurozone: Inflation meets expectations in July and reaches new all-time highs at 8.9%
The Consumer Price Index (CPI) for the euro zone rose three tenths in the year-on-year reading for July, rising to 8.9%, its highest rate since the creation of the euro. The figure meets market expectations after posting 8.6% in June. The lowest annual rates were recorded in France, Malta (both 6.8%) and Finland (8.0%). The […]